An advantage of the use of the voucher system is that it?

FINANCIAL
JAMB 1998

An advantage of the use of the voucher system is that it?

  • A. reduces the number of cheques that will be writen during any given period
  • B. provides a highly flexible system for handling unusual transactions
  • C. provides a comprehensive record of business done with particular suppliers
  • D. ensure that every expenditure is reviewed and verified before payment is made

Correct Answer: D. ensure that every expenditure is reviewed and verified before payment is made



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